Despite strong global cues market is seeing sluggish. Sensex fell below 29000, and the Nifty has come close to 8730. Midcap losers have prevailed. BSE midcap index is broken up by 0.25 percent.
Banking, capital goods, power and auto stocks selling had pressure in the market. However, metal, pharma and Consumer Durables stocks are showing shopping trends. The BSE Metal index has climbed more than 1 percent.
The BSE 30-share index Sensex 48 points with about 0.25 percent is trading at 28952. The NSE Nifty 50-share index 16 points, i.e 0.25 percent is trading at about 8741.
During the market Axis Bank, BHEL, Zee Entertainment, TCS, IDFC, SBI and HUL like giants declined from 4.2 to 1.5 percent. However, Cairn India, Jindal Steel, Sesa Sterlite, Tata Steel, ONGC, Sun Pharma and Coal India like legendry stocks gained from 4.1 to 1.3 percent.
In midcap stocks DCM Shriram, Jubilant Life, Crompton Greaves, IRB Infr and Den Networks have crashed most by 7.9 to 3.6 percent. Smallcap stocks Titagarh Wagons, Kamalkshmi Finance, TBZ, Orient Paper and Alkil Amiens most vulnerable from 5.25 to 4.25 percent.
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